on Lenzing AG (isin : AT0000644505)
Lenzing Allocates EUR 27 Million to Enhance Fiber Capabilities in the US
Lenzing AG has announced a strategic investment of EUR 27 million (USD 31 million) to enhance its specialty fiber capabilities at the Mobile, Alabama site in the USA. This move aligns with the company's "Grow NW. Reset TX." strategy, aimed at boosting production flexibility and accelerating innovation in specialty nonwovens.
The investment is intended to strengthen the Mobile site's role in Lenzing's global nonwovens operations. According to CEO Georg Kasperkovitz, the expansion will include lyocell short-cut fibers, fostering further development of wood-based fiber solutions for nonwoven applications.
This financial commitment is part of a broader EUR 50 million investment program in the nonwovens sector, illustrating Lenzing's dedication to supporting specialty fiber markets on a global scale.
R. H.
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